HYLS Stock Summary and Trading Ideas (First Trust Tactical High Yield ETF | NASDAQ:HYLS)

The First Trust Tactical High Yield ETF is an actively managed exchange-traded fund. The fund's primary investment objective is to provide current income. The fund's secondary investment objective is to provide capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in high yield debt securities that are rated below investment grade at the time of purchase or unrated securities deemed by the fund's advisor to be of comparable quality.

First Trust Tactical High Yield ETF trades on the NASDAQ stock market under the symbol HYLS.

As of April 18, 2024, HYLS stock price declined to $40.33 with 285,337 million shares trading.

HYLS has a beta of 0.44, meaning it tends to be less sensitive to market movements. HYLS has a correlation of 0.54 to the broad based SPY ETF.

HYLS has a market cap of $1.44 billion. This is considered a Small Cap stock.

In the last 3 years, HYLS stock traded as high as $48.92 and as low as $37.78.

HYLS has underperformed the market in the last year with a return of +7.7%, while the SPY ETF gained +22.3%. In the last 3 month period, HYLS fell short of the market, returning 0.0%, while SPY returned +6.1%. However, in the most recent 2 weeks HYLS has outperformed the stock market by returning -1.4%, while SPY returned -3.8%.

HYLS support price is $40.12 and resistance is $40.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HYLS stock will trade within this expected range on the day.